Desmond Lachman

Author Archive

  • Nov 18, 2021
    In 2009, when asked why Citibank kept lending aggressively on the eve of the US housing and credit market bust, Chuck Prince famously said that as long as the music is playing...
  • Jul 9, 2021
    Much of the current inflation debate is centered on the supply-side factors that have driven US inflation up to its highest level in the past few decades. Will these...
  • Apr 22, 2021
    The United States is presently engaged in its largest peacetime budget stimulus on record. That stimulus risks causing economic overheating at home by the end of this year.  
  • Mar 26, 2021
    Now that there is a political lightweight at the central bank’s helm, Erdogan believes that he will be able to get the central bank to do his bidding and to cut interest rates...
  • Feb 22, 2021
    Among the more disturbing economic consequences of the Covid-19 pandemic has been the dramatic deterioration in Europe’s public finances. While markets are currently unfazed by...